Global Emergency Lighting market will reach 8120 million US$ by the end of 2025
The global Emergency Lighting market is valued at 4550 million US$ in 2017 and will reach 8120 million US$ by the end of 2025, growing at a CAGR of 7.5% during 2018-2025.
Published Date: 2018/8/29
An emergency light is a battery-backed lighting device that switches on automatically when a building experiences a power outage. Emergency lights are standard in new commercial and high occupancy residential buildings, such as college dormitories. Most building codes require that they be installed in older buildings as well.
China has the largest global export quantity and manufacturers in Emergency Lighting market, while the Europe is the second sales volume market for Emergency Lighting in 2016.
In the industry, Philips profits most in 2016 and recent years, while Schneider and MPN ranked 2 and 3.The market share of them is 14.15%, 7.73% and 5.10% in 2016.The gap of market share is keep on enlarged due to different strategy.
Nowadays, there are three mainly types of Emergency Lighting, including Self-Contained Power System, Central Power System and Hybrid Power System. And Self-Contained Power System is the main type for Emergency Lighting, and the Self-Contained Power System reached a sales volume of approximately 206.78 M Unit in 2016, with 51.37% of global sales volume. The global Emergency Lighting market is valued at 4550 million US$ in 2017 and will reach 8120 million US$ by the end of 2025, growing at a CAGR of 7.5% during 2018-2025.
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